SKF India Share Price: The midcap market is currently under substantial stress, and the index has slipped below the 40,000 mark. In this downward trend, expert Sandeep Jain from Tradeswift Broking has identified three high-quality midcap stocks for potential investment. Let’s delve deeper into these picks, focusing on their target prices and details.
1. SKF India Share: An Auto Ancillary Leader
SKF India, an auto ancillary company, is one of the expert’s long-term picks. As of October 4th, the company’s share price was trading around INR 5200, marking a decline from its 52-week high of INR 5534. Jain has set an ambitious target price between INR 5970 and 6050, representing a potential upside of over 16% from the current level.
SKF India’s Financial Highlights:
- Return on Capital Employed (RoCE): 35%
- Return on Equity (RoE): 25%
- Three-year profit growth (CAGR): 6%
- Profit margin: Approximately 17-18%
- The company reported a record profit in the June quarter and is poised to benefit from a robust outlook in the auto ancillary sector.
2. ITD Cementation Share Price : Building the Future
ITD Cementation, a construction and infrastructure company, is another of Jain’s selections, particularly for positional investors. Recently, its shares traded at about INR 220, down around 8% from its 52-week high of INR 250. This company is involved in significant infrastructure projects, including airports and highways.
ITD Cementation’s Financial Highlights:
- RoCE: 18%
- The company boasts a strong order book.
- A target price of INR 250 has been projected for the stock, indicating an approximate 13% rise from its current level.
3. Pricol Share Price: A Short-Term Pick
For short-term investors, Jain recommends Pricol. On the given day, the company’s shares were trading around INR 325, a slight decline from its 52-week high of INR 346. Jain’s target for the short term is set between INR 345 and 350, offering about an 8% potential upside.
Disclaimer: The investment advice on stocks mentioned in this article has been provided by brokerage houses or experts. These are not views of Zee Business. Before making any investment, consult with your financial advisor.